What % do you think Joe or Janet collector understands when companies change and graders switch top

YaHa

I was at a auction this weekend in my area, you know mail trucks, estate liqu,but a few coins and old notes. I saw a few people going at some Anacs old holder coins and paying WAT to MUCH!!! So I got a chance to ask this guy why so much on these Anacs coins, his reply was I have been collecting for 30 years and Anacs to me was the first top slab company and if a coin is in a old holder it must be worth $$$.

I told him did he know that Anacs was bought by snake James Taylor that was President at both Anacs then ICg then Anacs and now owns the company. He told me I am full of S###t. Then he replies that hell if a grader is qualified to slab coins at a company like Anacs or NGC they must know what they are doing.

I told him good luck with the hobby and another guy comes up to me and tells me boy I made a ton on those old commons, this guy also was bidding on his own coins.

RedTiger

Graders at PCGS, NGC, ANACS, ICG do have a certain level of proficiency. I believe that even at ANACS and ICG pro grader is a high paying job, though perhaps not quite as high as the pay for top graders at PCGS and NGC. So there is some truth out there.

What some folks don't understand is that certain slabs routinely trade at a deep discount to others in dealer-to-dealer transactions. Some dealers may price the slabs the same or similar for retail trade, but when buying from another dealer, there is often a much lower price offer. This is one lesson that I have learned in my time on this forum. So even though a coin may look nice, if a seller wants full value, they either have to cross the coin, or find one of the few buyers that pays the same money for the coin in that holder.

There is no right or wrong or a point worth arguing. True auction results averaged out over thousands of transactions, plus the vast majority of dealer offers being lower, have a power that no amount of arguing can overcome. Buy them if a person likes them, but if they want full money out, they may have to cross them. In most batches of crossover submissions, some or all will not cross, or only cross with a downgrade.

/edit to add: I can add that with mail claim auctions, at least the inventory isn't picked over. There is a much higher chance of these being premium coins put away long ago, than if they if they had been on the show circuit for three rounds of having the best coins cracked out and crossed. If the collector has the talent and a decent eye for grading, they may well have gotten a good deal, if they were selective in their bidding and took a good look at the coins.

charley

snake... hmmmm. Respectfully, John Curlis

dorkkarl

<< <i>I was at a auction this weekend in my area, you know mail trucks, estate liqu,but a few coins and old notes. I saw a few people going at some Anacs old holder coins and paying WAT to MUCH!!! >>

how do you know he paid too much?

K S